Simon Kuznets
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Simon Smith Kuznets was a Russian-born American economist and statistician. He received the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growt
Kuznets in 1971
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Milton Friedman
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Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the
Simon Kuznets
…to show that, over a longer span of time (1870s – 1940s) the savings ratio remained constant, despite large changes in income. This paved the way for Milton Friedman's permanent income hypothesis, and several more modern alternatives such as the life-cycle hypothesis and the relative income hypothesis. By the end…
Friedman in 1986
Friedman receiving the Presidential Medal of Freedom from Ronald Reagan in 1988
Friedman with Richard Nixon and George Shultz in 1971
Friedman in 1976